The Loan – that will be compliant because of the Green Loan Principles 1 (“GLP”) – should be utilized to create Soilbuild’s 3rd Green Mark Platinum build-to-lease business area having a proposed gross flooring area of 1.1 million sq ft located in the vibrant Paya Lebar iPark precinct.

The transaction marks Soilbuild’s very first utilization of green finance, underscoring the Group’s commitment to growing its portfolio of properties in a fashion which guarantees a sustainable future. On conclusion, the venture is anticipated to meet up with the Building and Construction Authority’s Green Mark Platinum official official official certification standards, that is the certification that is highest for green structures in Singapore.

HSBC Singapore may be the Sole Green Structuring Arranger for Soilbuild’s Green Finance Framework while HSBC Singapore and OCBC Bank acted as joint Mandated Lead Arrangers when it comes to Green Loan.

Although this is the Group’s very very first green loan, Soilbuild has long used sustainability as the functional building agenda since its very very very first Green Mark Platinum task, Solaris @ one-north, which had been finished in 2010.

Mr Lim Han Qin, Director of Soilbuild Group Holdings stated: “The future Solaris @ Tai Seng is our third Green Mark Platinum building, showing our deep dedication towards embracing sustainability. We wish that the use associated with the green funding will further enunciate our dedication in this aspect and encourage more industrialists to embrace green structures and sustainability. Continue reading →